Strategic Formulation can also be referred to as Strategic Planning. A strategy is a broad plan developed by an organization to take it from where it is to where it wants to be. A well-designed strategy will help an organization reach its maximum level of effectiveness in reaching its goals while...
UNIT 2: Strategy formulation refers to the process of choosing the most appropriate course of action for the realization of organizational goals and objectives and thereby achieving the organizational vision. The process of strategy formulation basically involves six main steps Framing Mission & Vision. Analysis of the Internal Environment...
PPT presentation of unit 1 for subject : Strategic Management. BMS III SEMESTER University Examination 75 Marks Descriptive 60; Case 15 Internal Assessment 50 Marks 25 Marks Total 100 Marks Objectives: To equip the students with management policies and strategies at entry level to develop conceptual skills in this...
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Introduction: Strategic Management as the name suggests manages the different strategies of the organization. Any decision making process is incomplete without the analysis of the strategies which have been planned. Strategic Management basically deals with analysis of strategies like how many resources should be allocated to what department and...
The response from within companies have to redesign their operations for a variety of reasons. The text book prescription is to align company structure with strategy. This includes redrawing of divisional boundaries, flattening of hierarchic levels, spreading of spans of control, reducing product diversification revising compensation streamlining process and...
A strategic turnarounds is a more serious form of external retrenchment and leads to divestment or liquidation. Turnaround strategies derive their name from the actions involved, that is, reversing a negative trend. There are certain conditions or indicators which point out that a turnaround is needed if the organization...
The second part of the turnaround strategy is the shedding of unrelated assets, identifying slow and non moving stocks shifting emphasis within the current assets portfolio and maybe even outsourcing production if it results in reduction of costs. The restructuring need not be one way. If it makes...
This involves a) Identifying value drivers in cash flows b) Developing cost consciousness c) Driving quality d) Understanding impact of information technologies on the business process e) Understanding tax structures and the direction tax structure would take f) Understanding capital needs for financial restructuring between debt and equity...
Pause/proceed-with-caution strategy Pause/proceed-with-caution strategy is such a tactic. It is employed by firms that wish to test ground before moving ahead with a full-fledged grand strategy. It is a temporary strategy just like the profit strategy. It defers in the way of objectives are defined. The Pause/proceed-with-caution strategy...
Profit Strategy This strategy is adopted in large firms. Firms would be generating cash flow as primary concern for ensuring durable stability durable stability of the organization. Under the following circumstance, a profit strategy may arise: If there is a decline of sales of the product in...
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